Digital Transformation, Big Data, Analytics, IoT, Mobility, Cloud are the hottest terms around, with a lot of confusion even in matured organizations. This is an effort to simplify the area.

Sunday, 11 June 2017

Top 5 uses of Internet of Things!!

While many
organizations are creating tremendous value from the IoT, some organizations
are still struggling to get started. It has
now become one of the key element of Digital Transformation that is driving the
world in many respects.

It is really a time
to look beyond the hype and get real about Internet of Things.

Just putting IoT in
place may not help organizations but applying analytics is extremely essential for
the success of IoT systems for better decision making.

Here are top 5 areas
where IoT is making the disruption:

1.Wellness - IoT helps continuously monitor the patients and symptoms to early detection, diagnosis & accelerate breakthrough drug development. Wearables like Fitbit,
Apple watch, and Samsung have all created new revenue streams from giving their
users workout analytics and the ability to set daily health goals. Mobile apps
around wellness have been around for years now to track your sleep, weight,
nutrition, and more.

2.Safety and Security –
Sensor based monitoring of elevators, escalators improves travelers safety at
airports. Sensors, which are much cheaper these
days, can let you know whether or not your water pipes are leaking or are about
to burst. The drones will allow the handful of rangers to quickly investigate
reports of fires, than traveling into remote
parts of the jungle over unpaved roads. Connected cars allows vehicle
diagnostics and real time intervention from technicians for better safety.

3.Marketing – with use
of IoT, businesses can reach to right customer at at right time using
geofencing. It is a virtual field in which apps are capable of sending alerts depending
on your entrance or exit from a vicinity. With geofencing, your shopping
experience can be more hyper-personalized to what you’re looking for. 1-800-Flowers covered the area around jewelry stores that were close to their flower shops to encourage customers to buy flowers with jewelry. Amazon Go is Amazon’s
store concept without a check-out line.

4.Smart Cities &
Smart Infrastructure – IoT is helping build the infrastructure which is really
smart in quick response and improves the life of residents. Real time weather
response systems, better traffic management, waste management, and optimal utilities
management helps governments around the world. Smart Homes helps people more peaceful life.

5.Energy, Aviation &
Manufacturing – Using IoT to do predictive maintenance can reduce downtime up
to 50%. Companies like GE have put up 100s of sensors across the plant that
provide round-the-clock monitoring and diagnostics of existing hardware. IoT
enabled engines consume almost 15% less fuel than average jet engines, and also
have reduced emissions and noise. Smart
grids helps in increasing the reliability and efficiency of grid, avoid thefts.

In future IoT will
continue to enhance our lives more and more by tracking our needs in real time
giving opportunity to businesses to react accordingly and immediately.